SFAKIANAKIS S.A. announced its Annual Financial Report for the period 01.01-30.06.2016 in accordance with the International Financial Reporting Standards (IFRS).

The 1^st semester of 2016 Sfakianakis Group of Companies continues to present amelioration in its financial figures and starring in the main markets in which it operates.

The performance of the main activities of the Group is noticeably improved compared to the relevant period of last year:

Car trade. The market in the 1^st semester of 2016 with 47,413 passenger car registrations presented an increase of 9.9%. SUZUKI made 2,595 car registrations acquiring a market share of 5.5%, which ranks the company in the 7^th position among car importers. Retail expands its market share to 12.5% with sales of 5,920 passenger cars, 359 light trucks and 1.055 used cars. Total sales of Sfakianakis (wholesale and retail) represent 15.0% of the Greek market of new cars.

Car Leasing. Revenue of the Long Term Rental (LTR) sector recover by 12.3% while the fleet under management reaches the 6,500 vehicles (+9%) with utilization rate of 95%. The Rent-A-Car (RAC) sector, exploiting the potential of tourism and the new strong brand of Enterprise, has increased rents by 16.1% with renting vehicles reaching 3,521 (+8%).

Heavy vehicles, machinery and industrial goods. The sector in the 1^st semester of 2016 presents a small decline in turnover, yet presenting a profitable result ¤ 0.2 mil. versus losses of ¤ 0.1 mil. in 2015.

Group's turnover amounted to ¤ 141.4 mil., presenting an increase of 22.1% compared to the 1^st semester of 2015 while Company's turnover was improved by 23.3% reaching ¤ 126.4 mil.

Gross profit amounted to ¤ 30.2 mil. for the Group and ¤ 11.6 mil. for the Company, presenting an increase of 11.8% and 12.9% respectively.

Group expands its operating profitability with EBITDA at ¤ 10.8 mil. against ¤ 6.8 mil. the relevant period of 2015 (+58.5%). Operating result for the Company amounted to ¤ 0.5 mil. against ¤ -0.8 mil. the relevant period of 2015.

Loss before tax decreased to € 9.2 mil. for the Group against ¤ 10.4 mil. in the 1^st semester of 2014  (-11.6%) and to € 8.1 mil. for the Company against € 8.7 mil. (-6.7%).

The results of the Group and the Company have incurred investment loss amounting to € 3,9 mil. deriving from the divestment of the Athoniki Techniki S.A. Excluding this extraordinary impact earnings before taxes are formed to € -4.7 mil. for the Group improved by 49.2% to € -6.2 mil. for the Company showing an improvement of 23.7%.